Argentina Invites Malaysian Investors In Infrastructure Sector
Mon, 18/07/2016 - 17:25

Argentine Ambassador to Malaysia Manuel Balaguer Salas has invited Malaysian companies to invest in Argentina’s infrastructure development, acknowledging their strength in building world-class infrastructure. 

He said the Embassy of Argentina here had been engaging Malaysian businesses on the possibility of developing the republic’s infrastructure, particularly roads, and hoped this would come to fruition in the near future. 

Salas said Argentina is also keen to tap into Malaysia's halal industry, particularly in the export of its beef. 

"Argentina has yet to comply with the halal requirements imposed that the Malaysian government, but we want to make changes and produce halal beef for the Malaysian market. 

"Argentina is known for the quality of its beef and we plan to have slaughterhouses to produce 100 per cent halal beef to be exported to Malaysia," he told Bernama in an interview. 

On the 50th anniversary of Argentina-Malaysia relations, he said Argentina is looking forward to enhancing bilateral relations in the areas of education, science and technology, sports and culture. 

"In 1967, Argentina was the first Latin American country to recognise Malaysia as an independent country. Even though we are far away, our bilateral trade is worth US$1.6 billion and we have a good growth prospect," he said

Salas said Petronas made a strong presence in Argentina, working alongside Argentina’s state-owned Yacimientos Petrolíferos Fiscales in developing the Loma Campana oil and gas reservoir in Southwest Argentina. 

He said a Malaysian company also runs the largest ski resort in Argentina. 

Salas also invited Malaysian investors to take part in the development of Argentine renewable energy. 

Expressing Argentina's readiness to share its expertise in agricultural investment and attract Malaysian investors, Salas said about 20 Argentine businessmen would be visiting Malaysia in August to enlighten Malaysian
businesses on the prospects. 

On tourism, he said Argentina is keen to attract Malaysian travellers. 

Although Argentina achieved its independence 200 years ago while Malaysia 59 years ago, he said both countries have many things in common, especially their diverse population and cultures.